Key Points
- Insider sale: Savaria director Les Teague sold 5,000 shares at an average price of C$29.52, for total proceeds of C$147,600.
- Stock and financial performance: SIS opened at C$29.65, near its 12-month high of C$31.95. Savaria reported quarterly EPS of C$0.35 on revenue of C$245.78 million, with a 9.27% net margin.
- Analyst outlook remains positive: Analysts maintain a consensus “Buy” rating, with a C$34.35 average price target; several firms recently raised their targets to between C$37 and C$39.
Savaria Co. (TSE:SIS - Get Free Report) Director Les Teague sold 5,000 shares of the firm's stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of C$29.52, for a total value of C$147,600.00.
Savaria Stock Up 0.9%
SIS stock opened at C$29.65 on Friday. Savaria Co. has a twelve month low of C$20.10 and a twelve month high of C$31.95. The company has a quick ratio of 0.91, a current ratio of 1.72 and a debt-to-equity ratio of 29.43. The stock has a market cap of C$2.14 billion, a P/E ratio of 24.50, a PEG ratio of 42.72 and a beta of 0.97. The business's 50-day moving average price is C$29.13 and its 200-day moving average price is C$28.72.
Savaria (TSE:SIS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$0.35 earnings per share (EPS) for the quarter. The company had revenue of C$245.78 million during the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%. On average, equities research analysts forecast that Savaria Co. will post 1.2048518 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on SIS. TD upped their price target on shares of Savaria from C$35.00 to C$37.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Desjardins raised their price objective on shares of Savaria from C$36.00 to C$39.00 and gave the company a "buy" rating in a research report on Friday, August 7th. ATB Cormark Capital Markets lifted their target price on shares of Savaria from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Ventum Financial set a C$34.50 target price on shares of Savaria and gave the stock a "buy" rating in a report on Thursday, September 10th. Finally, TD Securities upgraded Savaria to a "strong-buy" rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$34.35.
Check Out Our Latest Stock Report on Savaria
About Savaria
(
Get Free Report)
Savaria Corporation ( savaria.com ) is a global leader in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
